Question 8 6 pts You have the following market data. Spot price of the Japanese Yen is $0.009300. Underlying asset for the Japanese Yen futures contract is 12.500,000 Yen. 3-month Japanese LIBOR rate is 2.02% per year, and the 3-month U.S. LIBOR rate is 1.96% per year. Both rates are continuously compounded. Japanese Yen futures contract that expires in 3 months has a futures price of $0.009352. What is the general arbitrage strategy? Take a long position in the futures contract, borrow yen at the Japanese risk-free rate, sell yen in the spot market, and invest the sales proceeds at the U.S. risk-free rate. Take a long position in the futures contract, buy yen in the spot market, borrow at the U.S. risk-free rate to finance the purchase, and invest yen at the Japanese risk-free rate. Take a short position in the futures contract, buy yen in the spot market, borrow at the U.S. risk-free rate to finance the purchase, and invest yen at the Japanese risk-free rate. Take a short position in the futures contract, borrow yen at the Japanese risk-free rate, sell short yen in the spot market, and invest the sales proceeds at the U.S. risk-free rate. No arbitrage opportunity currently exists